530 8th St | Myrtle Point, OR 97458
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530 8th St
Myrtle Point, OR 97458
A&W Fast Food - 20-Year NNN · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- A&W Restaurants has recently executed a 20 year extension on a NNN basis thereby providing new ownership with zero landlord responsibilities.
- New ownership and A&W Restaurants will have the opportunity to exercise two 5-year renewal options to capture longer term cash flows up to 2051.
- A&W Restaurants has an impressive track record with 100+ years of operating history and 1,000+ locations across the world.
- Strong Rent Escalations: The subject property currently yields over $90,000 in net operating income with 10% rate increases in year 10.
- Strong personal and corporate guaranty from a seasoned franchisee with over 12 locations and $20 million in liquid assets.
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,500 SF
Building Class
C
Year Built
1965
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.80 AC
Zoning
CR
Parking
10 Spaces (2.86 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 1003428601 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $177,440 |
PROPERTY TAXES
Parcel Number
1003428601
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$177,440
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